Blue Apron Holdings Inc (NYSE:APRN) insider Ilia M. Papas sold 133,334 shares of the firm’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $0.91, for a total transaction of $121,333.94. Following the completion of the sale, the insider now owns 203,024 shares of the company’s stock, valued at $184,751.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NYSE APRN traded up $0.02 during trading hours on Thursday, reaching $1.05. 3,234,637 shares of the company’s stock traded hands, compared to its average volume of 2,797,253. Blue Apron Holdings Inc has a 52-week low of $0.65 and a 52-week high of $4.20. The stock has a market cap of $191.81 million, a P/E ratio of -0.64 and a beta of 0.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.65 and a quick ratio of 1.38.
Blue Apron (NYSE:APRN) last released its earnings results on Tuesday, November 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.04. Blue Apron had a negative net margin of 19.25% and a negative return on equity of 75.39%. The firm had revenue of $150.62 million during the quarter, compared to analyst estimates of $157.20 million. During the same period last year, the business earned ($0.47) earnings per share. The business’s revenue was down 28.5% on a year-over-year basis. Research analysts expect that Blue Apron Holdings Inc will post -0.68 earnings per share for the current fiscal year.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Blue Apron from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Friday, November 16th. Canaccord Genuity cut Blue Apron from a “buy” rating to a “hold” rating and lowered their target price for the company from $6.00 to $3.00 in a research note on Wednesday, November 14th. Barclays lowered their target price on Blue Apron from $2.50 to $1.25 and set an “equal weight” rating for the company in a research note on Thursday, November 15th. Guggenheim cut Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 target price for the company. in a research note on Thursday, November 15th. Finally, Stifel Nicolaus lowered their target price on Blue Apron from $2.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday, November 15th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $2.28.
Hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in Blue Apron by 55.8% during the second quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after buying an additional 30,625 shares during the last quarter. SG Americas Securities LLC purchased a new position in Blue Apron during the third quarter valued at $208,000. Raymond James Trust N.A. raised its position in shares of Blue Apron by 216.9% in the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock worth $259,000 after purchasing an additional 102,982 shares during the last quarter. Blair William & Co. IL raised its position in shares of Blue Apron by 7.7% in the 3rd quarter. Blair William & Co. IL now owns 1,162,095 shares of the company’s stock worth $1,999,000 after purchasing an additional 82,900 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new position in shares of Blue Apron in the 3rd quarter worth about $2,259,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.
Blue Apron Company Profile
Blue Apron Holdings, Inc engages in making home cooking accessible. It involves in demand planning, recipe creation, recipe merchandising, and marketing. Its products include meals and wine. The company was founded by Matthew J. Wadiak, Ilia M. Papas, and Matthew B. Salzberg in 2012 and is headquartered in New York, NY.
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